Quick Read – Ron Baron built a $25 billion SPCX position from $2 billion in capital, projecting 20 to 30 times returns over the next decade. – Baron turned $400 million in TSLA into $7.7 billion profit by holding through repeated 30%-plus drawdowns, and he is applying that same…
proach to SpaceX. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn’t make the cut. Grab the names FREE today
Although most Wall Street veterans have learned to tune out billionaire projections that sound like science fiction, Ron Baron just made one worth listening to. Speaking on The Compound and Friends podcast, the founder of Baron Capital revealed that his firm has quietly built a $25 billion position in SpaceX (NASDAQ:SPCX) out of roughly $2 billion of invested capital, spread across 27 discrete transactions since 2017. But the number that stopped the room was his forward call.
Baron projects SpaceX will be worth “at least $40 trillion” within 10 to 15 years, starting from a $2 trillion IPO valuation. What’s particularly notable is that this is the same investor who called Tesla when almost no one on Wall Street would touch it. Between 2014 and 2016, Baron put $400 million into Tesla, a position that eventually generated $7.7 billion in profit.